Tag #Fiscal Policy

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kathimerini.gr

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Apr 30, 19:21

Greece Projects 2.3% Economic Growth in 2025 Amidst Fiscal Reforms

Greece's 2025 economic progress report projects a 2.3% growth rate, driven by increased investments and consumption, while also forecasting a reduction in inflation and public debt, supported by fiscal measures totaling €1.3 billion and tax reforms exceeding €2 billion in increased annual revenue.

Greece Projects 2.3% Economic Growth in 2025 Amidst Fiscal Reforms

Greece's 2025 economic progress report projects a 2.3% growth rate, driven by increased investments and consumption, while also forecasting a reduction in inflation and public debt, supported by fiscal measures totaling €1.3 billion and tax reforms exceeding €2 billion in increased annual revenue.

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What are the key economic projections for Greece in 2025, and what are their immediate implications for the country's fiscal situation?

The Greek economy is projected to grow by 2.3% in 2025, driven by an 8.4% increase in investments, a 1.7% rise in private consumption, and growth in exports (4%) and imports (3.8%). This is according to an annual progress report submitted by the Ministry of National Economy and Finance to the EU Council and Commission.

theglobeandmail.com

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Apr 29, 01:17

Canada Plans Increased Spending to Counter US Tariff Recession Risk

Facing a potential recession due to US tariffs, Canada's incoming government plans increased deficits and spending, aiming to counteract economic slowdown and mitigate potential job losses, while acknowledging inflation risks.

Canada Plans Increased Spending to Counter US Tariff Recession Risk

Facing a potential recession due to US tariffs, Canada's incoming government plans increased deficits and spending, aiming to counteract economic slowdown and mitigate potential job losses, while acknowledging inflation risks.

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What are the immediate economic consequences of the US tariffs on Canada, and how is the incoming government responding?

Canada faces a potential recession due to US tariffs, prompting the incoming government to plan increased deficits and spending. The Bank of Canada projects GDP growth to fall to zero or become negative in 2025 under various tariff scenarios, with Oxford Economics also predicting a recession. Even the IMF lowered Canada's growth forecast by US$13 billion.

lemonde.fr

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Apr 29, 10:18

France Tackles Housing Shortage with New Tax Incentives and Landlord Status

French Housing Minister Valérie Létard discusses measures to address the housing shortage, including a new private landlord status with attractive tax incentives and the expansion of the zero-interest rate loan (PTZ) program to support homeownership, aiming to stimulate investment and construction.

France Tackles Housing Shortage with New Tax Incentives and Landlord Status

French Housing Minister Valérie Létard discusses measures to address the housing shortage, including a new private landlord status with attractive tax incentives and the expansion of the zero-interest rate loan (PTZ) program to support homeownership, aiming to stimulate investment and construction.

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What specific measures is the French government implementing to address the housing shortage caused by high taxes on real estate?

French Housing Minister Valérie Létard acknowledges the high tax burden on the real estate sector, impacting investment. She highlights the reduction of tax benefits for furnished tourist rentals as a step towards correcting imbalances but admits this doesn't fully address the lack of rental investment. A new private landlord status is being developed to incentivize investment and boost the housing market.

elpais.com

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Apr 28, 10:12

Germany abandons 'Swabian housewife' austerity, adopts €1 trillion investment plan

Germany's long-held policy of strict fiscal discipline, symbolized by the 'Swabian housewife,' has ended with the adoption of a €1 trillion investment plan, signaling a shift in priorities toward addressing economic stagnation and geopolitical threats.

Germany abandons 'Swabian housewife' austerity, adopts €1 trillion investment plan

Germany's long-held policy of strict fiscal discipline, symbolized by the 'Swabian housewife,' has ended with the adoption of a €1 trillion investment plan, signaling a shift in priorities toward addressing economic stagnation and geopolitical threats.

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What are the immediate implications of Germany's abandonment of its strict deficit-zero policy?

The frugal 'Swabian housewife,' a symbol of German thrift, is considered 'dead' as Germany abandons its strict deficit-zero policy. A new investment plan of up to €1 trillion signals a shift from prioritizing balanced budgets to addressing economic stagnation and infrastructural needs. This marks a departure from the past, where balanced budgets were viewed as a virtue.

theglobeandmail.com

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Apr 27, 01:15

Canadian Election: Liberals and Conservatives Offer Contrasting Policy Platforms

The Canadian federal election on April 28th presents voters with stark policy choices between the Liberals and Conservatives on housing, crime, fiscal policy, and national defense, revealing contrasting priorities and potential future impacts for the nation.

Canadian Election: Liberals and Conservatives Offer Contrasting Policy Platforms

The Canadian federal election on April 28th presents voters with stark policy choices between the Liberals and Conservatives on housing, crime, fiscal policy, and national defense, revealing contrasting priorities and potential future impacts for the nation.

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How do the Liberals' and Conservatives' proposed solutions to the housing crisis differ, and what are the potential long-term consequences of each approach?

The Liberals and Conservatives offer distinct strategies for addressing Canada's housing shortage, crime rates, and fiscal challenges. While both parties address these issues, their proposed solutions differ fundamentally, forcing voters to choose between competing visions for the country's future. The parties' approaches to national defense also reveal differing priorities.

lefigaro.fr

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Apr 26, 16:13

France Announces €3.1 Billion in Budget Cuts for 2025

The French government enacted €3.1 billion in budget cuts for 2025, impacting various ministries including ecology (€549.6 million), economy (€517.7 million), and research (€493.3 million), to meet public deficit targets amid slower economic growth and geopolitical uncertainty.

France Announces €3.1 Billion in Budget Cuts for 2025

The French government enacted €3.1 billion in budget cuts for 2025, impacting various ministries including ecology (€549.6 million), economy (€517.7 million), and research (€493.3 million), to meet public deficit targets amid slower economic growth and geopolitical uncertainty.

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How did revised macroeconomic forecasts and geopolitical uncertainty influence the government's decision to implement budget cuts?

This €3.1 billion reduction, detailed in a decree published in the Journal Officiel, is a direct response to revised economic forecasts showing lower-than-expected public revenue due to a 0.7% growth projection. The cuts primarily impact non-salary budget items, minimizing disruption to public services.

usa.chinadaily.com.cn

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Apr 29, 07:14

China's Economy Projected to Stabilize in 2024

China's economy is expected to remain stable in 2024 despite global challenges; economists recommend proactive fiscal and monetary policies, focusing on boosting domestic demand and deeper reforms to create new growth engines, following a 5.4% GDP growth in Q1.

China's Economy Projected to Stabilize in 2024

China's economy is expected to remain stable in 2024 despite global challenges; economists recommend proactive fiscal and monetary policies, focusing on boosting domestic demand and deeper reforms to create new growth engines, following a 5.4% GDP growth in Q1.

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How do the proposed fiscal and monetary policy adjustments aim to counter external headwinds and stimulate domestic demand?

Economists advocate for unconventional countercyclical adjustments, including proactive fiscal policies (like increased special bond issuance) and accommodative monetary policies (such as reserve requirement ratio and interest rate cuts). This approach aims to stimulate growth by boosting domestic consumption and supporting struggling enterprises.

spanish.china.org.cn

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Apr 29, 10:19

China's Q1 Industrial Profits Rise Despite External Headwinds

Chinese industrial firm profits rose 0.8% year-on-year in Q1 2024 to 1.5 trillion yuan, driven by high-tech manufacturing and government stimulus, but external challenges remain, prompting further fiscal and monetary measures.

China's Q1 Industrial Profits Rise Despite External Headwinds

Chinese industrial firm profits rose 0.8% year-on-year in Q1 2024 to 1.5 trillion yuan, driven by high-tech manufacturing and government stimulus, but external challenges remain, prompting further fiscal and monetary measures.

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What immediate economic impacts resulted from China's first-quarter industrial profit growth, and what are the global implications?

Chinese industrial firms saw a 0.8% year-on-year increase in profits during the first quarter of 2024, reaching 1.5 trillion yuan. This growth is primarily attributed to the robust performance of high-tech manufacturing and sustained economic resilience amid trade disputes with the US. Economists expect a U-shaped recovery, with gradual stabilization in the second half of the year.

elpais.com

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Apr 29, 19:18

Mexico's Bank of Mexico Transfers Smaller-Than-Expected Surplus to Government

The Bank of Mexico will transfer a 17.994 billion pesos operating surplus to the Mexican government in April 2024, significantly less than analysts' predictions, due to exchange rate fluctuations and lower-than-expected economic growth; this amount will be used to offset past losses and bolster capi...

Mexico's Bank of Mexico Transfers Smaller-Than-Expected Surplus to Government

The Bank of Mexico will transfer a 17.994 billion pesos operating surplus to the Mexican government in April 2024, significantly less than analysts' predictions, due to exchange rate fluctuations and lower-than-expected economic growth; this amount will be used to offset past losses and bolster capi...

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How do the 2024 surplus and its allocation compare to previous years, and what are the underlying causes of this difference?

This lower-than-expected surplus (0.05% of GDP) contrasts sharply with the 321.6 billion peso surplus transferred in 2017. The difference highlights the impact of fluctuating exchange rates on central bank profits and government revenue. The 2024 surplus will be used to partially offset accumulated losses and bolster capital reserves.

lexpress.fr

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Apr 28, 10:12

Foucher's Tax Critique Shakes up French Presidential Race

Antoine Foucher's book, "Sortir du travail qui ne paie plus," criticizing France's tax system, has influenced the 2027 presidential race, prompting discussions about fiscal reform among leading candidates, except Marine Le Pen and Jean-Luc Mélenchon, focusing on shifting tax burdens away from labor.

Foucher's Tax Critique Shakes up French Presidential Race

Antoine Foucher's book, "Sortir du travail qui ne paie plus," criticizing France's tax system, has influenced the 2027 presidential race, prompting discussions about fiscal reform among leading candidates, except Marine Le Pen and Jean-Luc Mélenchon, focusing on shifting tax burdens away from labor.

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What are the immediate political implications of Antoine Foucher's analysis of France's tax system on the upcoming 2027 presidential election?

Antoine Foucher, a former advisor to the French Minister of Labor, has significantly impacted the 2027 French presidential race with his book, "Sortir du travail qui ne paie plus." His analysis of France's social and economic issues, emphasizing the disproportionate taxation of labor, has resonated with politicians across the spectrum, sparking discussions about fiscal reform. Many leading candidates have sought his expertise, highlighting the urgency of the issue.

fd.nl

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Apr 27, 16:11

Dutch Finance Minister Prevents Budget Deficit Increase Through Spending Shift

In Dutch Spring budget negotiations, Finance Minister Eelco Heinen prevented a deficit increase demanded by three populist parties by shifting expenditures to later years and adjusting the spending ceiling, avoiding the loss of unspent funds while creating long-term risks.

Dutch Finance Minister Prevents Budget Deficit Increase Through Spending Shift

In Dutch Spring budget negotiations, Finance Minister Eelco Heinen prevented a deficit increase demanded by three populist parties by shifting expenditures to later years and adjusting the spending ceiling, avoiding the loss of unspent funds while creating long-term risks.

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What immediate actions did the Dutch Finance Minister take to address pressure from populist parties seeking to increase the national budget deficit?

During Spring budget negotiations, three populist parties in the Netherlands attempted to increase the budget deficit. Finance Minister Eelco Heinen, however, prevented this by shifting planned expenditures to later years and adjusting the spending ceiling accordingly. This maneuver, while technically allowed by the rules, lowered the ceiling for 2025 and 2026, then raised it for subsequent years, ensuring previously planned expenditures were not lost.

elpais.com

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Apr 25, 04:12

Spain Optimistic About US Tariff Reduction Despite Digital Tax Dispute

Spanish Economy Minister Carlos Cuerpo met with the US Trade Representative in Washington, expressing optimism for a reduction in US tariffs on European goods within 90 days, despite challenges surrounding the digital services tax and the need to rebalance the US trade deficit.

Spain Optimistic About US Tariff Reduction Despite Digital Tax Dispute

Spanish Economy Minister Carlos Cuerpo met with the US Trade Representative in Washington, expressing optimism for a reduction in US tariffs on European goods within 90 days, despite challenges surrounding the digital services tax and the need to rebalance the US trade deficit.

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What are the immediate implications of the ongoing US-EU tariff negotiations for Spain?

The Spanish Minister of Economy, Carlos Cuerpo, sees room for the United States to lower tariffs on European products, initially announced by Donald Trump and later partially suspended. A constructive meeting with the US Trade Representative yielded optimism for a deal within 90 days, despite challenges like Europe's digital services tax, a point of contention for the US.

Showing 301 to 312 of 788 results